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21M BTC Max


There is a theoretical limit to the number of Bitcoins that can be mined - which is tied to the data structural limits of a blockchain. Only about six new blocks (a reference to a new transaction, a preceding transaction, and the answer to a complex mathematical problem) of bitcoins can be generated each hour. The Bitcoin system is designed to reduce the number of Bitcoins that can be generated by 50% every four years. About 94% of Bitcoins will have been mined by 2024, however assuming that processing / mining power remains constant the maximum of 21,000,000 may not be reached until more than a century after that point.


Sean O'Shea has more than 20 years of experience in the litigation support field with major law firms in New York and San Francisco.   He is an ACEDS Certified eDiscovery Specialist and a Relativity Certified Administrator.

The views expressed in this blog are those of the owner and do not reflect the views or opinions of the owner’s employer.

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